Note 13 - Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

13. Accumulated Other Comprehensive Loss:

The following are changes in accumulated other comprehensive loss by component, net of tax, for the

three

months ended

March

31,

2017

and

2016:

	Unrealized Gains and (Losses) on Available for Sale Securities			Defined Benefit Pension Items			Total
March 31, 2017	(In thousands)
Beginning balance, net of tax	$	(3,859	)	$	(4,503	)	$	(8,362	)
Other comprehensive income before reclassifications, net of tax		1,148			-		$	1,148
Amounts reclassified from accumulated other comprehensive income, net of tax		-			80			80
Net current period other comprehensive income, net of tax		1,148			80			1,228
Ending balance, net of tax	$	(2,711	)	$	(4,423	)	$	(7,134	)

	Unrealized Gains and (Losses) on Available for Sale Securities			Defined Benefit Pension Items			Total
	(In thousands)
March 31, 2016
Beginning balance, net of tax	$	(521	)	$	(5,041	)	$	(5,562	)
Other comprehensive income before reclassifications, net of tax		6,770			-		$	6,770
Amounts reclassified from accumulated other comprehensive income, net of tax		-			103			103
Net current period other comprehensive income, net of tax		6,770			103			6,873
Ending balance, net of tax	$	6,249		$	(4,938	)	$	1,311

The following tables set forth significant amounts reclassified from accumulated other comprehensive income by component for the periods indicated:

For the three months ended March 31, 2017
Details about Accumulated Other Comprehensive Income Components	Amounts Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Statement Where Net Income is Presented
	(In thousands)
Amortization of defined benefit pension items:
Actuarial losses	$	(151	) (1)	Other operating expense
Prior service credits		11	(1)	Other operating expense
		(140	)	Total before tax
		60		Tax benefit
	$	(80	)	Net of tax

For the three months ended March 31, 2016
Details about Accumulated Other Comprehensive Income Components	Amounts Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Statement Where Net Income is Presented
	(In thousands)
Amortization of defined benefit pension items:
Actuarial losses	$	(192	) (1)	Other operating expense
Prior service credits		11	(1)	Other operating expense
		(181	)	Total before tax
		78		Tax benefit
	$	(103	)	Net of tax

(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (See Note 9 of the Notes to Consolidated Financial Statements “Pension and Other Postretirement Benefit Plans”.)